Can Fin Homes Limited , a prominent player in the housing finance sector, recently held a one-on-one investor meeting with representatives from Premji Invest, signaling its commitment to transparent communication with stakeholders. The meeting, which took place on August 22 at the company's Bengaluru office, provided insights into Can Fin Homes' recent financial performance and strategic outlook.

Key Participants and Discussion Points

The meeting was attended by Can Fin Homes' top leadership, including:

• Suresh Iyer, Managing Director & CEO
• Abhishek Mishra, Chief Financial Officer

During the 1 hour and 50 minutes session, discussions covered a wide range of topics, including:

• Q1 financial results
• Net Interest Margin (NIM)
• Growth prospects and run-off ratios
• Future business outlook for both the industry and the company
• Cost management and spread analysis
• Loan book composition and profitability
• Asset quality metrics
• Geographical presence
• Borrowing strategies
• Provisioning practices

Transparency and Investor Relations

This meeting is part of Can Fin Homes' ongoing efforts to maintain open lines of communication with its investors and analysts. The company has been actively engaging with various stakeholders to provide clarity on its financial position and strategic direction.

Just a day prior, on August 21, Can Fin Homes' management team participated in a group investor meeting in Mumbai, organized by Antique Limited. This event saw participation from several prominent institutional investors, including ICICI Prudential Life Insurance, Axis Mutual Fund, and Tata Mutual Fund, among others.

Regulatory Compliance

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Can Fin Homes promptly disclosed the details of both investor meetings to the National Stock Exchange of India Limited and BSE Limited. These disclosures underscore the company's commitment to regulatory adherence and transparency in its investor relations activities.

Conclusion

As Can Fin Homes continues to navigate the dynamic housing finance landscape, these investor meetings serve as crucial platforms for the company to articulate its performance, strategies, and future outlook. The discussions on various financial and operational aspects provide valuable insights for investors and analysts alike, helping them make informed decisions about their engagement with Can Fin Homes Limited.

Investors and interested parties can find more detailed information about the company's Q1 financial results and the latest investor presentation on Can Fin Homes' official website.

Can Fin Homes , a prominent player in the housing finance sector, has announced a series of significant developments, including a dividend declaration, robust quarterly results, and changes to its board composition.

Dividend Declaration

At its 38th Annual General Meeting (AGM) held on August 20, Can Fin Homes shareholders approved a final dividend of Rs 6 per equity share for the financial year ended March. The company plans to disburse a total of Rs 80 crore as dividends within 30 days of the AGM through electronic transfer to registered bank accounts of shareholders.

Strong Q1 Performance

The company reported impressive financial results for the first quarter:

This robust performance underscores Can Fin Homes' resilience and growth trajectory in the competitive housing finance market.

Stock Performance and Analyst Outlook

Can Fin Homes' shares closed at Rs 780.10 on the NSE, marking a 1.56% increase. However, the stock has experienced a 7.97% decline over the past 12 months, while gaining 2.74% year-to-date. The company continues to garner strong support from analysts, with 17 out of 21 recommending a 'buy' and 4 suggesting a 'hold'. The average 12-month price target indicates a potential upside of 16.30%.

Board Changes and Appointments

The AGM also saw several key changes to the company's board:

1. Re-appointments:

   • Shri Vikram Saha (DIN–10597814) was re-appointed as an Executive Director.
   • Shri Arvind Narayan Yennemadi (DIN: 07402047) was re-appointed as an Independent Director for a second term of three years.

2. New Appointment:

   • Shri Swarupananda Mallick (DIN:11164699) was appointed as an Independent Director for a three-year term starting August 21.

3. Cessation:

   • Shri Anup Sankar Bhattacharya's tenure as an Independent Director concluded at the AGM.

Other Key Decisions

1. Secretarial Auditor Appointment: M/s. Kedarnath & Karthik, a firm of Practicing Company Secretaries, was appointed as the Secretarial Auditors for a term of five consecutive financial years.

2. Borrowing Limit Increase: The company approved an increase in the borrowing limit by the Board of Directors up to Rs 55,000 crore.

3. Non-Convertible Debentures (NCDs): Approval was granted for the offer or invitation for subscription of NCDs or bonds, secured or unsecured, up to an amount not exceeding Rs 10,000 crore on a private placement basis.

4. Further Issue of Shares: The company received approval for a further issue of shares not exceeding Rs 1,000 crore.

These developments reflect Can Fin Homes' strategic initiatives to strengthen its financial position, enhance governance, and pursue growth opportunities in the housing finance sector.